Hedged Nadex Spreads - How could I do it better?

#1

I have watched and studied lots of material but am still confused with some concepts.
I have tried a hedging strategy by DM and John. Could you please explain what I am doing wrong. I hedged an AUDJPY sell spread but could not clearly sort this in my mind what whether i had selected the right spreads, and entries. And when should I exit if the market goes against me!
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#2

I think I recall Darrell mentioning they are going to do a Masterclass on Ultimate Hedge (or perhaps just hedging) at some point in the future. Hopefully soon as I would REALLY like to learn that information. I hated having to miss the live event earlier this year. Perhaps the masterclass will still provide all of the info to master this trade.

#3

I have watched so many videos - with revisions! However, putting this into practice has not been straight forward. Examples, when to do it and more important when not to do it. I have several hedges set up, but getting the right entry for the hedge, near the floor or ceiling is the tricky bit. I think this should be determined by risk, or RR calculation…still practising.

#4

You should also look at premium. Sometimes the premium is big enough that doing a hedge really makes a wide “loss” area but the pricing is cheaper for your main trade to not bother hedging.